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Restriction on Transfer of Assets


Book Publication Date: Nov 2014
Description: In corporate finance agreements the lenders will want to protect against structural subordination, which may be accomplished in a number of ways. This sample clause does so by imposing restrictions on transfers of assets to subsidiaries.
Type: Contract Clauses
PLI Item #: 127732
Practice Area: Corporate & Securities
Keywords: "corporate finance"; "transfer of assets"; "structural subordination"; subsidiary; lender; guarantee; securities; conveyance; "consolidated tangible assets"

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